PRODUCTS

BASE® helps a variety of business types across the country save thousands on health care expenses with easy-to-use benefit options, and provides compliance services to help business owners eliminate risks.

Gain Peace of Mind with the Savings & Compliance Solutions Provided by BASE®!

BASEÂ® for Group Employers...

Whether employers are looking to enrich their current benefit plans, off set benefit cutbacks, or implement cost saving measures, BASEÂ® works diligently to ensure that each plan meets the specific needs of each client.

BASEÂ® for Human Resources

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PARTNERS

This is a partnering opportunity that will help you stay competitive in whatever marketplace you serve, not to mention the opportunities available to boost your business and increase your bottom line. Our commitment to you and your clients is what sets us apart from other administrators of similar products.

BASEÂ® for Group Employers

Whether employers are looking to enrich their current benefit plans, off set benefit cutbacks, or implement cost saving measures, BASEÂ® works diligently to ensure that each plan meets the specific needs of each client.

BASEÂ® Excepted Benefits

The BASEÂ® Excepted Benefits plans provide employers with two different benefit options to assist employees with the payment of supplemental benefit plans. Employers simply choose from an employer paid Excepted Benefits Health Reimbursement Arrangement (HRA) or an employee paid Excepted Benefits 125 option that is run through a Section 125 Cafeteria Plan.

BASE® Blog

In dealing with Health Reimbursement Arrangements on a daily basis, BASE® is interested to learn where the proposed expansion of HRAs will lead. Around since 1954, Health Reimbursement Arrangements have long been a viable option for affordable healthcare.

HRAs have continued to evolve, but the tax-advantaged plan operates on the principle of providing more flexibility and choice regarding employee healthcare when employers establish these account-based arrangements.

The order directs the Departments of the Treasury, Labor, and Health and Human Services to consider changes to Health Reimbursement Arrangements (HRAs) so employers can make better use of them for their employees.

HRAs are employer-funded accounts that reimburse employees for healthcare expenses, including deductibles and copayments.

The IRS does not count funds contributed to an HRA as taxable income.

Expanded HRAs could potentially give American workers greater flexibility and control over how to finance their healthcare needs.

Implementing Change

None of the proposed changes would take effect immediately. In fact, the Executive Order gives the Secretaries of the Treasury, Labor, and Health and Human Services 120 days just to propose new regulations or revised guidance. These proposed regulations or revised guidance are just that, simply recommendations to increase the usability of HRAs, to expand employers’ ability to offer the tax-advantaged plan to employees.

The hope is to further simplify current regulations, while making HRAs even more helpful when it comes to covering the cost of healthcare. In turn, the idea is that HRAs will only further expand the range of health care options.

Moving Forward

The Executive Order focuses on three main areas for improvement for the “near term”. Meaning, things will remain status quo through the end of the year, due to the time it will take to propose regulations, and also taking into consideration the Secretaries will need to consider and evaluate public comments on the proposals.

At the end of the day, BASE® is already offering a variety of HRAs to employers of all sizes to assist in financing their healthcare “to the extent permitted by law” and “supported by sound policy”. We welcome the expansion, and the idea of further simplifying an already great resource for employers and their employees to make healthcare more affordable.

If you aren’t familiar with all of the HRA options currently available, call 1-888-386-9680 to learn how HRAs provide flexibility, choice, and affordability when it comes to healthcare.

BASE® Archive

About BASE®

The BASE® commitment begins by offering small business owners plans that are customized to meet their specific needs. We offer a variety of plans including the Section 105 HRA, Integrated HRA, QSE HRA, 125 Cafeteria Plan, and ERISA Wrap. Whether you are looking to enrich current benefit plans, offset benefit cutbacks, or implement cost saving measures, our highly trained sales staff will work diligently with you to ensure that each plan is customized to meet your specific needs.
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